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FOX Business
Dec 6, 2012 9:00pm EST
to pass laws. they have good intentions but we should not judge by intention. politicians good intentions go wrong. work regulation. companies are not greedy they don't care about their workers but seems reasonable government has to protect them. almost everybody agrees. >> they should be protected. >> definitely. so many things could have been. corporations could be corrupt. the government should step been. john: that makes sense. so much beyond the workers' control. safety rules. what does a factory owner care? that is why we need occupational safety and health administration. it sets safety rules. they will show how the workplace deaths dropped since the beginning. thank goodness for government. except look at this graph. workplace death was dropped even before osha dropping just as fast. getting in front of the parade of bartending and leads it. things get better on their own the people don't get that. in european countries they write about high unemployment. those beloved worker protections are the reason they don't higher. they don't get that says our next guest on "wall
FOX Business
Dec 7, 2012 9:00pm EST
gerri: tonight, did president obama break the law? some in the senate say yes, and now the cases in front of a judge. we will have a heated debate. with more than a million charities and the .s. alone, how did you find the best one? we have you covered. "welme to "the willis report." hello, everybody. i'm gerri willis. tonight no progress on the fiscal cliff as democrats and republicans trde barbs over the issue. one group of americans is finding way through this regardless of congress and the president. small-business owners in this countryare preparing to hire. join me now, chieu.s. economist for i may just pull one side. heart of america group founder, and member of tobs creation alliance and actual job creators in this ountry who say teir voices not being heard in this fice took with debate. also with us from the weekly standard, steven hze. welcome. great to have you here. i want to start with the conversation in wwashington and what the speaker had to say about the status of the fiscal here is mr. boehner. >> this is in the progress report because there is no progress to repor
FOX Business
Dec 9, 2012 2:00am EST
government ads are doing it either. >> taking ait for hitting the health care law. the name behinded lobster could have you paying upven more. @@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@ where's tommy? i thought he was with you. . jack! (playing twinkle, twinkle, little star.) tommy? go get him! don't stop! keep playing! here we go. here's the fun part! did you do this? great job! your latest headlines always at fox ns.com. >> a business hit for speaking your mind about obama care. warning that their earnings are take a hit because the bad press press they got. victorias job creators can't afford to stay quiet. >> it is it a frightening society. one where business owners can'tpeak their mind and say taxes do hit their bottom line and yes, they may not hire because of higher tax and health dare costs or put workers on part-time instead of fl-time. we want to know it is going on i doubt it is hurting their earnings. i don't think the back lash is that large. evyone should be allowed to speak their mind. that is it a healthy flourishing democracy. >> it is not like they are being sensor accord toth
FOX Business
Dec 2, 2012 9:00pm EST
places that the law went into effect. oh, yes. great that we can see the calorie count and they're paying more attention. indelicate the receipts and saw th they were eating more calories. >> well, let me just say that the best thing that we can do is step get the consumer the choice, the option john: wrote a book titled everything i want to do is illegal. [laughter] >> right. [applause] de. john: what is your poin >> my point is that every time the government penetrates into the food system the abuses mount up from the big guys and little guys like us get routed back from the table do to a smothering bunch of regulations. government interveions come at the result of wind things it out of control. i health care costs to go $150 billion. john: it's his body. he can make his own stupid choices. >> i never believe that i'm hurting anybody's freedom john: you are banning things. you support the ban on the soft drinks. >> well, the big soft drink is important to realize that we need said -- you ave children at the age of nine. they suffer from hypertension a result of too much soda, too
FOX Business
Dec 2, 2012 8:00pm EST
rejected in the most strongest terms. this hits at the core capability of international maritime law, freedom of transit, freedom of navigation rights. lou: we have not heard from the state department or the white house on that challenge. i do want to turn to one statement by -- you mentioned defense secretary leon panetta. he said the united states should have what he called an enduring presence in afghanistan to pursue the counter-terrorism effort, the long war that has become the fashion of the last to the ministrations. your thoughts as we wrap up. >> let me tell you about this enlightened. of warfare, counter insurgency. what is, in fact, we are trading our american military life's with the restrictive rules of engagements in the hope of winning the hearts and minds of the tribal society. this is crazy. your first responsibility is to the protection and safety of your own men and women. lou: admiral, terrific of you to be here, and we appreciate. and i know that many of our forces, is not nearly all appreciate what you just said about lon morris. admiral james lyons, thank you.
FOX Business
Dec 9, 2012 1:30am EST
care law, not because of the actual law, bse it criticized the law. the gang from forbes is going to explain the top of the hour, up next, did any of you see this? oh! oh! >> apparently these guys just found out that they could get fined for eating while driving. is nothing sacred? >> >> driving and eating, hey, the a city i south dakota fine people eating behind the wheel. >> charles, you say it has to go? >> pretty soon we'll be fined for driving while driving. and it's a way to get money, ridiculs. >> neil: this is one town that won'tee cavuto passing through soon. thank you. ben, what do you thinof it? >> cooking while driving. (laughter) and i think setting the table while driving. but eating potato chips, pop corner, peanuts? that's illegal? that's insane. >> neil: i was trying to reason this out, dagen, becaus just seemed like-- you can't use your cell phone in a lot of states now because it's a huge distracting. >> and texting. >> so, maybe thas the next step. >> i don't have a problem with this, actually, if they need to raise money-- >> get skinny. >> and you show up and
FOX Business
Dec 4, 2012 9:00pm EST
about congress? i don'really le it. they pass a law and th it's sort of like the irshas to do it. the irs hato enacted ad oversee. anthe joke is that the iris is operating on pneumatic ubes. the amacare law is going to basically blow a lot of circuits and burn a band with. so the deal is made if you hae investment income, capital gains or dividen, not only do you have to pay taxes when youou cah out, you're going to have to pay an extra surtax on top of that. so whate're seeing is the ira saying, we have to a shoot ibly 1509 pages of rules. it becomes -- >> a little bit about this and then it diappeared. apparently it disappeared from the irs. all of a sudden out of the blue have that already april april 15th. >> nancyeli said we have to pass it to see what's in it. well now we're seeing what's in it. the rules are supposed to help la $318 billion over te %-health reform.o help pay for the thing is, there may be a brannew form tht taxpayers have to deal with t basically calce the mass. it sounds like a migraine. but i'll tell you sometng. here's th kiker. this surtax is supposed togo
FOX Business
Dec 3, 2012 6:00pm EST
much as 43% next year unless congress changes the law. the big winner tonight oracle ceo as the company's largest shareholder you will get nearly $200 million in today's deal and will avoid about 60 million in taxes. he did not vote for today's exhilarated payout. he sure does profit from it. a lot more still to come, including a small business owner who says she feels helpless after superstores and the and the government is doing nothing to help her. the proof is in the pudding. albert done a new report showing a tax hikes on the bridge backfired in britain. we will politicians here techno? stay with us. ♪ gerri: do you remember willie sutton? he was the depression era bank robber who held up about 100 banks over 40 years. when asked why he was famously reported as answering, because that is where the money is. i thought of slick willie today as i was listening to the reporting of the fiscal cliff. the president's point man saying of the weekend shows, higher taxes must be a part of any resolution with republicans, presumably the white house teams thinks the wealthy are where
FOX Business
Dec 4, 2012 4:00pm EST
two-year budget, and we spent just 97% of revenue, even though by law we can go to 99%, we restored the cash reserve in the economic emergency account. the state of iowa in the strongest fiscal position it's been ever. i'm proud of what we accomplished and looking forward to making progress this year reducing property taxes for all property tax classes in our state. david: great progress. so have the citizens of ohio, wisconsin, and you can mention individual states that have done well in getting -- >> indiana, michigan. david: that stands in stark contrast to what's happening inside the beltway. even one of your own, harkin, the united states senator from the great state of iowa said it's better to go off the fiscal cliff than not to have a rise in tax rates, and he said, quooe, "no deal is better than a bad deal," and a bad deal for him is not letting tax rates go up. what do you think of that? he's one of your own. >> well, unfortunately, we've got too much partisanship in washington, d.c.. the american people want the leaders, both the president and the congress to come together
FOX Business
Dec 6, 2012 9:20am EST
with the new u.s. health care law. based on this test they decided not to change any of their full-time staffing plans for 2014. stocks are slightly lower, don't forget they had terrible numbers, too. >> but they say it was based on their tests. >> right. stuart: some people say they're backing off because they got bad publicity when they started talking about putting people on part-time work instead of full-time because of obamacare. >> you know what? some people would say that, stuart. stuart: charles said that, maybe he's right. and thank you, nicole. we're dead flat. down 1.69. let's not forget about the phantom pigs. zynga makers of farmville, may not be making enough money off the phantom pigs to keep investors happy. there's a reason to be optimistic, look at the stock, it's up this morning, after news that zynga is trying to get a gaming license out of nevada, that's where the real money is for zynga. it's hoping that a flood of proposed gambling regulations would open up an on-line market. and shares are down so far this year, but up a little bit today. there are the phant
FOX Business
Dec 5, 2012 6:00pm EST
constitutions, different laws. different styles of living and means within our budget. give us some flexibility. gerri: i expect you to be a little bit more upbeat about the fiscal cliff, but i have to tell you, you sound like a lot of people in washington today. concerns over whether these leaders can get together and find common ground and resolve this issue. it would be meaningful to stay like yours. governor, thank you so much for coming on. >> thank you, gerri. gerri: it's not just politicians and ceos are worried about the fiscal cliff. even baseball players are worried. this man just signed a contract with the atlanta braves. this is something that the mbl rarely does. if upton gets paid one day later, he gets paid an additional $120,000 in taxes. he is not alone. his former tampa bay teammaae, signed an extension cable next week. who can blame them? it is like a tax revolt all over the place. if washington doesn't act fast, major league owners will be forced to shell out a lot of money. [ oman ] ring. ring. progresso. i just served my mother-in-law yo chicken noodle soup but
FOX Business
Dec 8, 2012 12:00am EST
ceiling. under the current law this is perfectly legal. our "money" power panel is back to discuss economist peter morici. jonathan hoenig from capitalist pig.com and ian shepherd son from pantheon macro advisors. guys, what do you think? this is serious idea out there being float the around. we have the peterson institute, they're a bunch of serious folks out there saying i like it. there is nothing obviously economic problematic bit. what do you think? peter, i let you go first. >> i'm surprised. there is a lot that problematic. it is equivalent of printing money. melissa: right. >> essentially that's all it is. basically make a coin. hand it to the federal reserve and turns around and put as trillion dollars in your bank account which you stt spending. a way around the debt ceiling problem. it gives barack obama the right to print money to spend as much as he wants to. melissa: there is one catch, ian. one point they make we're not printing it to spend money. we already spent this mon. it's gone. so we're just sort of fixing part of the debt problem. >> you could make $3 trillio
FOX Business
Dec 4, 2012 10:00pm EST
years, just about 12 percent of the two and a half trilon the budget committee estimatethe law will cost of that time. here we go. 2013 looks le an interesting, interesting yer. this year the mighty mississippi river lmost too shallow to even move barges, barges carrying food, fuel, other commoties. right now it is very difficult passage on the mississippi. warm weather, drought, the reason the army corps of engineers typically would be releasing more water into the river from the misuri allow one barges to pass fo another month so, but the missouri river is also dramatically lowered to be this means billions of dollars of commerce will have to find alternative means to get to maket. the midwest drought has increased the value. so much so there is a sharp increa in the theft of hay from fields. some farmers have resorted to putting gps tacking devices n those bales so that tey can track a stolen. up net, hou peaker turning -- runing into medical opposition over his proosals. democrats sending mixed signals over what is n the negotiating table. that's right. and the "a-team" will be
FOX Business
Dec 5, 2012 11:00am EST
many of you have come down here to try to see if there is a way we can break through the law jim and go ahead and get things done. i am here to tell you that nobody wants to get this done more than me. i know that you have had a lot of briefings. let me describe where the situation is right now with respect to our fiscal situation, both for the opportunities are and where the challenges are. i campaigned over the last year on the idea that we need to make sure that this economy is growing, that we are providing ladders of opportunity. connell: president obama there in washington. we have lost the shop. if we get it back, we can rejoin the president. one of the things he talked about, passionately rooting for the success of the business leaders. dagen: i think that is fair. about an hour after speaker boehner spoke this morning about the fiscal cliff ago she haitians. in case you missed it, a quick piece of that. >> if you look at the plant that the white house has talked about thus far, they could not pass either house. dagen: rich benson is here. he is joining us with the latest fro
FOX Business
Dec 3, 2012 9:20am EST
figure on that. my father-in-law, for example, is 87 years old and strong as an ox. anecdotally, i see that in my neighborhood when i walk every morning. stuart: does the society look old, as you walk around, is it just noticeable? >> no. you know, kids are very delighted. it is encouraging. you hear the squeals and laughter from all the schoolyards around the neighborhood. that is getting quieter. stuart: this is just fascinating. i wish we had more time. we will do this again. this extreme demographics in japan and america may be going down the same road. i find that absolutely fascinating. this is demographics. >> yes, it is. stuart: you cannot turn it around like you can turn ideology around. come and see us again. timothy geithner says the ball is in the republican core. democrats want higher taxes. after the break, a former clinton advisor defends the democrat tax me position. ♪ [ male announcer ] this is steve. he loves risk. but whether he's climbing everest, scuba diving the greabarrier reef with sharks, or jumpg into the marke he goes with people he trusts, which is why he
FOX Business
Dec 6, 2012 1:00pm EST
. particularly since the beginning of president obama's first term. there is lot of concern about gun laws and will our rights to own and bear arms go away? people have been buying up the guns. that means smith & wesson shares have been skyrocketing. this is 2012, a lock at smith & wesson chart. whether or not they will hit a bull's-eye, last fourth qaer is they blew away expectations. revenue of 134.4 million. this is reporting after the bell tonight. definitely going to be a stock to watch. they have had a track record of beating earnings guidance of the by the way, they just recently raised their own guidance for year-end. this stock really on a roll. pe, even with this gain, guys, is still 16. so it is fairly cheap for that kind of run-up in a stock. one other company, hard to transition from gun to yoga pants but lululemon reported before the bell today. look at this stock. up 6%. another stock that has been on a roll. lululemon shares up 54% so far this year. they make all the yoga pants, tops, all that kind of stuff, guys. better-than-expected results, same-store sales a key indicat
FOX Business
Dec 3, 2012 8:00pm EST
financial law, went their rights it is british government's fault for not closing the hoop holes that many of the companies are taking full advantage of. good to have you. >> thank you. neil: what do you make of this? >> put it this contact, for the moment, britain. david cameron came into power. neil: they are sweating a lot. >> they instigated deficit reduction it has been tough times, britain with a double dip recession this year, so, it is all about shared sacrifice, everyone from the queen, doing their bit. neil: does the queen sacrifice? >> she seen as not taking -- but all about everybody on the budget. then you have starbucks that found out, you can't move the starbucks in britain, taking away a lot of traditional british tea shops have you starbucks. it has moved in over a third of coffee shops are starbucks. past 14 years starbucks paid lesser than 1% in corporate tax rates. neil: in britain. is it legal? >> it is legal, but the loopholes have to close, to be fair to starbucks, they realized this is p, suicide, they said we do need to pay more, it will be interesting whether goog
FOX Business
Dec 4, 2012 3:00pm EST
set by federal law. last year, took in $275 million, and paid out $137, and satellite radio pays 7% revenue, not 50%. pandora pushing congress to slash the fees, artists oppose, and it's going nowwere. they have a cliff to worry about. liz: we do. we talked to the founder of the company who is the chairman, and he said it's about the playlist. i asked about apple. you can see when apple telegraphed to the market or somebody did they would get into the business. he says stick with the playlist. we're the best. dennis: how can regular radio pay nothing and pandora pays 50%? they have to stop that, it's penalizing the internet and new technology. liz: a compromise. don't miss it. full fof -- coverage in less than 20 minutes. check out "after the bell" for the latest numbers and analysts. half the float of this stock is shorted. if the numbers are great, stock moves up, they're a lot of tears on wall street for the shorts. they will be crushed. okay. dow jones industrials, lost track. 74 times the dow crossed the flat line. sandra smith has today's big movers, some dow components, a fl
FOX Business
Dec 2, 2012 6:00pm EST
. it is essentially the same kind of crisis. you kno, this is why the texas law. the federal government is a total failure at almost everything. i don't know if they are too big. maybe you want to give them the benefit of the doubt. they just don't know when and solve problems. we shouldn't send them more tax revenue. this is exactly why. they may try to help people, but they are terrible about it. they never actually succeed. when you look at what is going on. neil: when they are out there to see what's going on, i have a couple of friends of the show that residents that were out there instead. >> rht. neil: i think that is what is concerning me. getting it backwards i think new jersey, something like $10,000 up to $40,000 -- we have to vent for the money back and we have to wait for someone in a building in washington dc to decide where the money is going to be distributed when we should just keep it in the house. you know, keep the taxes the same, but let new jersey pulled onto a larger version of it. neil: melissa? >> you know the faces, you know how to help them. when th
FOX Business
Dec 10, 2012 1:00pm EST
to fox business by law firm confirmed by the justice department. the amount of the 2012th this fl year in the 102 year history of the sherman antitrust act. with a half billion dollars to auto parts companies and executives, the lcd panel maker for half a billion dollars. totaling $1.1 billion. former director of justices antitrust division said the ongoing investigation with the libor scandal setting up 2013 as another record-breaking year. >> i think 2013 stands to outpace 2012. 2012 pales in comparison to the corporate fines that come down in 2013. >> these fines are present a higher penetration asian-based companies paying more than 95% of the 2012 penalties. back to you. melissa: rich edson, thank you so much. interesting stuff. lori: federal reserve kicking up a meeting tomorrow, but with so much uncertainty surrounded by the fiscal cliff, what more can chairman ben bernanke and company do to reassure the market. a senior economist joins us. we know ben bernanke has been. warning us for months. the fed is doing everything it possibly can to pointing the finger at washington
FOX Business
Dec 6, 2012 3:00pm EST
. liz: high profile banking analyst dick bovey is a wanted man, not by the law, but by a bunch of firms who are dying to hire this guy after his old firm blew up over a bad trade. charlie gasparino has the latest. >> yeah. there's one guy at rock dale was a wanted man by the fbi -- liz: the dude who ran the bad trade. >> he was arrested two days ago for trading unauthorized a billion dollars' worth of apple stock and, essentially, losing money and imploding the firm. the firm is shut down until they get new capital. since that time, dick boy say's future, he's kind of in purgatory, right? i tell you, the guy who runs rock dale thinks he's going to get financing, and bove told him he's going to stay if he gets financing. sources telling fox business network that bove, one of the guys that were key talking heads during the financial crisis, you got a lot of information from him when things were getting bad back in 2007, 2008 and 2009. now he's up for sale, so to speak. five offers, i heard. now, these are legitimate powerfuls. he pared down, from what i said, 17 offers. liz: when yo
FOX Business
Dec 10, 2012 5:00pm EST
taxes for parts of the health carr law. why isn't that enough? he is here to keep fighting the fight. >>> plus venezuela just surpassed saudi arabia with the world's largest oil reserves. now hugo chavez has announced his cancer is back. a chart, changing of the guard there could have a huge impact on the globlt oil market. we'll have details. >>> so much pot, so few answers. legalized marijuana laws take effect in washington state and colorado. from driving high to trafficking weed over sttte borders the legal and financial nightmares are just beginning. but we're convening a pot power panel to help clear the smoke. even when they say it's not it is always about money. melissa: first let's look at the day's market headlines. some breaking news on aig just out a short time ago. the treasury announced it is selling all of its remaining 234 common shares in the insurance giant however treasury will continue to hold warrants to purchase aig common stock. investors refusing to give up hope on the fiscal cliff. the dow and s&p 500 gained post-election day tumble. the dow climbed 13
FOX Business
Dec 2, 2012 1:00am EST
financial ditch. a new regulation in the the health care law might mauck you down right sick right now. the white house just announcing plans to slap health insurers with a fee if they sell insurance dictated by the president's health care law and larry says you'll pay for it no matter where you live, huh? >> that's right. that's right, you know, administrative costs and health care are already skyrocketing and this is going it to get past the consumer just like everybody else. we already see skyrocketing health care costs, 14% is administrated, it's just too much. >> some parts of the law lower prices and is it net neutral, basically? >> i think the only given is that the country as a whole is goingo spend mor on health care andore people are going to have insurance one way or another, gun point are fine or whatever it is, but the actual premiums among are necessarily going to change. although there are plenty of things to raise your premium, not allowing the insurance company to reject, is going to raise premiums and some premiums are paid for like a tax next year, on capital gai
FOX Business
Dec 4, 2012 8:00pm EST
-message is 20 years old this week. but it might be celebrating in a different cell it year, law enforcement groups are pushing to have your text locked up for two years, they need to build a case in case you commit a crime later. where is all this texting going? is there a central text building or -- where is thhs? >> no, when you send a text, it depends on who your mobile carrier is, whether or not it gets saved and for how long, that is handled by company that you, deal with, that you subscribe to. what law enforcementments to for all of those companies, each and every one of them to be required to store probably in a centrally mandated regularized way, store all of your texts, you send to your family members, colleagues, whoever. they want those companies to be required. neil: sounds outrageous that outrageous. there is a chance one one out of a billion people is a criminal, come on. >> that is it this is a blanket requirement of all of the texts only a small fraction are going to be criminals. law enforcement wants to keep it, consider this last year law enforcement made 1.3
FOX Business
Dec 7, 2012 4:00pm EST
without a privacy policy. first in the state legal action under the online privacy law. >>> india is hoping to open big box retailers like wal-mart. they say foreign companies can own a 51% stake in retailers for the first time. >>> they uncovered a drug smuggling tunnel 39 feet below ground and ran 131 feet and equipped with ventilation and electricity systems. >>> 50 shades of gray, announcing at ceo holiday party, every employee getting a $5,000 bonus to celebrate a profitable year. that is today's speed read. i have time to say that every company should do that. [buzzer] $5,000 for everybody. david: i don't know if we could afford it but i wouldn't mind. thank you, lauren. it is incredibly ironic at the same time the national political scene is getting more liberal with the re-election of president obama, politics at the state level is more conservative than ever. now michigan, the home and birthplace of the united auto workers, is about to become the 24th state to pass right to work laws for private and public workers unions bitterly oppose. michigan governor rick snyder is expe
FOX Business
Dec 7, 2012 12:00am EST
laws. they have good intentions but we should not judge by intention. politicians good intentions go wrong. work regulation. companies are not greedy they don't care about their workers but seems reasonable government has to protect them. almost everybody agrees >> they should be protected. >> definitely. so many things could have been. corporations could be corrupt. the government should step been. john: that makes sen. so much bend the workers' control. safety rules. what does a factory owner care? that is why we need occupationalafety and health administration. it sets safety rules. they will show how the workplace deaths dropped since the beginning. thank goodness for government. except look at this graph. workplace death was dropped even before osha dropping just as fast. getting in front of the parade of bartending and leads it. things get better on their own the people don't get that. in european countries they write about high unemplment. those beloved worker protections are the reason they don't higher. they don't get that says our next guest on "wall street journal" repo
FOX Business
Dec 2, 2012 9:00am EST
stockton and n bernardino. we go to court and bankruptcy law versus pension law. you can see current services cut. tax hikes and other lousy outcomes if we don't see reforms. >> you admit we are having problems paying out the pensions. they are bankrupting. >> the problem is that los angeles is not the place. and it is a ballot initiative. u have front runners tha become mayor . they will not support it it was a nonstarter and never going to work in the stave you have a bett chance of succeeding. >> at least it was a plan . it is no law that said you cannot change 401 k's. that is future andew hires and f their plans. you don't have ill defined benefits and by the way the private sector doesn't get. there is a pension liability in the state of the california. vicki is right. government services are starting to get cut in cities in calirnia . so i tell you, it doesn't cut it when you have things like let's raise the retirement age to age 52. >> the fact is, these things are going broke. right now the budget26 percent of la's budget is consumed by the budget cuts and what are you going
FOX Business
Dec 6, 2012 6:00pm EST
this get the bowl down the field? >> what people are not notices right now is that under current law, existing tax rates are going up a lot january 1st. gerri: right. >> the president says, oh, go back a little bit to clinton's old tax rates, but he's not because clinton's rates affected everyone, not just the small sliver of the population. a 3.8% unearned income tax is kicking in on january 1st. gerri: obamacare. >> capital gains going from 15% to that 25*%. dividend taxes going 15% to 44% under current law without a thing done as far as the president obama wanting the taxes on the rich to go up. he's already done it. there's 1% medicare tax on people who earn over $250,000 a year. gerri: income tax. >> a payroll tax strictly. it's added to the medicare tax that's taken out, makes a small stop in the trust fund, and funds another program that the president likes. this is the problem. the president is not hoonest with us or the american people. he tells you he loves you and wants to take care of you, but the fact of the matter is, he's going to raise your taxes to a level that, in f
FOX Business
Dec 6, 2012 12:00am EST
. >> holdn, mary catherine. the our plan put rates signed into law by ronal reagan in 1986. melissa: got to go. i want to really ickly. why do we continue to talk about raising taxes and we're not talking about cutting spending? we can't get there. >> we never are, are we? >> sure. the tax reform plan is part of a larger $4 trillion deficit reduction plan has spending cuts in it. you need to do it in a balanced way. 485 billion in medicare. >> i'm sorry. 385 dal billion on top of savings we already have in medicare. melissa: i would love for both of you to come back. we have to do more in depth. you're fantastic. >> thanks for having me. melissa: here is the question of the day. could have done that the whole show. do you support higher taxes on cigarettes, alcohol and online gambling to reduce the deficit? we want to hear what you think. like us on facebook.co facebook.com/melissafrancisfox or follow me on twitr at melissaafrancis. >>> egyptian presint morsi attempts to restore order on cairo streets. protesters respond with molotov cocktails. has he lost control? details coming up next. >
FOX Business
Dec 9, 2012 11:00pm EST
high-school educated, lacks skills, like education. my god. and they doso rejecting that law, that bill and prevent it from becoming law because they want to have a lottery. for crying out loud. the absurdities compound themselves. >> in general we have to recognize that the individual entrepreneur with special skills and contributions to american produce all the jobs, and they are the ones who are getting rich, who are punished by any increase in marginal tax ates. the already rich -- lou: what about the young man or woman in this country whois not an entrepreneur, is not a big shot, is not in middle management in a big corporation. they won a break. they won an opportunity. they want to live the american dream. why can't the republicans talk to them? >> i hink that they are being talked to. a great speech the other day in which he specifically addressed this aspiration, widespread among all americans to rise up. this is what supply-side economics is. it is surge of economics. it is not trickle-down as some people caricatud. lou: you have heard that expression for 30 years. >> i n
FOX Business
Dec 1, 2012 11:00pm EST
. wifi on? by southern? what you make of that debate? that is obamacare and that is the law and it is not expiring. >> those increased tas won't apply to everyone. it depends on your income and marital status. the corporate ceos are much smarter than those in washington. if the taxes are dramatically higher on dividends, guess what they're going to do? gerri: they won't pay them. >> exactly. it will convert them to capital gain. if washington thinks that they can actually control behavior, they are kidding themselves. gerri: i think it's so interesting that you can't control, you know, you're not going to change how much the althy spend. they will spend no matter what even if you raise taaxes. gerri: it's nonsense. >> there's a disconnect between what they want to have happen what will happen. people with money are going to vote and adjust their investments accordingly with the help of people write me. gerri: i hope you get some good advice. >> we will be much more definitive in the next few weeks. gerri: by then, i hope it's not too late. we have until december 31. >> what we do the trad
FOX Business
Dec 7, 2012 1:00pm EST
michigan as state lawmakers approve right to work law graduation. new laws that prohibit new unions from collecting fees from non-members. mike towbin has more on this. >> they cannot stop what governor rick snyder calls freedom to work legislation from being passed on tuesday because michigan republicans simply have the numbers. the demonstrations have gotten ugly. eight people have been arrested. additional state troopers have been diploid to the capital. unlike drawnout labor standoffs we have seen in years, rick snyder has been able to slam us through the legislature during the lame duck session. he insists he is not picking a fight. >> it is not picking a fight. i view this as solving an issue for michigan workers. >> this does not mean that michigan democrats are about to throw in the towel. they say it is an understatement to claim that this legislation will face legal challenges. they will challenge the manner in which a legislation was pushed through so rapidly. democrats claim republicans in michigan have pulled every trick in the book. >> they have lied to us every step of the
FOX Business
Dec 10, 2012 11:00am EST
the right of right to work. unions defeated the governor, one of the governor's favorite laws which is this emergency manager walt which he is trying to use to desperately save michigan cities that are desperately in trouble, including detroit. connell: he was forced, in your view. he maybe it would not have done it if it was not for that. >> the emergency managers law. connell: the idea that he is in support of it. [talking over each other] connell: is the union movement, you know, is it over, is the tide turning? >> first of all, the second biggest organizing drive in the u.s. history, yes, you are right. today, even with the decline in unionization, it is about 13, 14%, which is about double the national average. yes, it is. this is not, for instance, and southern states, where you have the right to work and you do not have unions anyway. dagen: does it have a wider impact, does it continue to spread? >> well -- dagen: this is the 24th state. >> it will never happen in new york or a place like new jersey. they do not have the legislatures that will pass this. let's be realistic a
FOX Business
Dec 7, 2012 9:20am EST
know if it is the same situation. stuart: michigan is a right to work law and the government is likely to sign it. looks like they will be the 24th ridge to work state in the united states. fracking is a way to get natural gas from shale thousands of feet underground. it is very controversial. some worry it affects the water supply and the environment. joining us now is any gruber from the environmental system, i am going to give you the chance to give a commercial here for your company. what you do if i am not mistaken is you clean the water which comes out of the ground after a capital to one operation takes place. that is what you do. is that correct? >> that is correct. stuart: this business is booming. >> business has been very good. we actually specialize in industrial waste water treatment. so we took an application that we use in the food industry and apply to oil and gas industry because both of them have one thing in common. stuart: environmentalists are concerned about fracking. if you inject this water and sand and chemicals the underground, you can pollute the water
FOX Business
Dec 4, 2012 9:20am EST
local police want a law, new law requiring that text messages be saved for two years. how do you feel about that? ever texted something you wish would go away right now? there is of course the privacy issue as well. well, here comes the judge. he will be new at 10 on this one. got it. shares of darden restaurants, they're down today and they're the company that runs olive garden, red lobster, and they're down a lot. why is that, nicole? >> this is not good news here, they did a ton of promotions and now they're saying the promotions didn't work and in turn they're expecting numbers for the earnings season that will be below the analyst expectations and they're expecting sales at the olive garden to be down 3.2%. and at red lobster, 2.7% so sales are weakening, the earnings per share below what they anticipated and so, now, the ceo, so interesting, we need to come up with a new plan and we are going to work on different promotion because the current quarter is disappointing. do you think? >> well, nicole, hold on a second. the promotions i'm not sure which restaurant chain did it, but
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